Inventure

Lassie is a pet insurance company founded in 2020 and based in Stockholm, Sweden. It provides digital pet insurance services aimed at minimizing the financial risks associated with pet injuries. Lassie's on-demand insurance model focuses on the pet's health on a daily basis, rather than only during times of injury. Additionally, the company offers tools and resources to guide pet owners in caring for their pets, helping to prevent common injuries and promoting overall pet health. This approach not only supports pet owners financially but also encourages proactive pet care.

Hopsworks, founded in 2016 and based in Stockholm, Sweden, is a developer of a data platform that focuses on artificial intelligence and machine learning. The company offers Hops Enterprise Services, which utilizes deep learning, stream processing, and SQL capabilities. Hopsworks provides an on-premise data management and data science platform called Hopsworks Enterprise, which includes tools for planning, pricing, and calculating return on investment for data scientists. The platform is designed to support the development and management of feature, training, and inference pipelines at scale, catering to diverse data teams and sources. Hopsworks specializes in technologies such as TensorFlow, Flink, MySQL, and HDFS, enabling clients to implement AI solutions for complex business challenges with optimal performance and availability.

Lassie is a pet insurance company founded in 2020 and based in Stockholm, Sweden. It provides digital pet insurance services aimed at minimizing the financial risks associated with pet injuries. Lassie's on-demand insurance model focuses on the pet's health on a daily basis, rather than only during times of injury. Additionally, the company offers tools and resources to guide pet owners in caring for their pets, helping to prevent common injuries and promoting overall pet health. This approach not only supports pet owners financially but also encourages proactive pet care.

Material Exchange, founded in 2017 in Stockholm, Sweden, aims to revolutionize the fashion industry's material sourcing process by enhancing efficiency, transparency, and sustainability. It operates a digital sourcing platform that allows suppliers to effectively showcase their materials while enabling fashion brands to quickly identify the materials they require. By facilitating digital collaboration between brands and manufacturers, the platform reduces the need for physical samples and minimizes material waste. This innovative approach positions Material Exchange at the forefront of merging fashion and technology, contributing to a more responsible and sustainable future for the industry.

Yeply Mobile Bike Service, founded in 2016 and based in Helsinki, Finland, focuses on providing convenient bicycle maintenance through a mobile service model. The company aims to simplify the maintenance process for all cyclists, ensuring that bike care is easy, quick, and accessible. Yeply's mobile units service both everyday cyclists and professional fleets, performing preventive maintenance and repairs in an efficient manner. By collecting repair and usage data during these services, Yeply not only enhances the customer experience but also supports manufacturers with valuable insights. The company's commitment to making cycling maintenance inclusive reflects its belief that cycling is for everyone.

Lassie is a pet insurance company founded in 2020 and based in Stockholm, Sweden. It provides digital pet insurance services aimed at minimizing the financial risks associated with pet injuries. Lassie's on-demand insurance model focuses on the pet's health on a daily basis, rather than only during times of injury. Additionally, the company offers tools and resources to guide pet owners in caring for their pets, helping to prevent common injuries and promoting overall pet health. This approach not only supports pet owners financially but also encourages proactive pet care.

Stravito AB is a software company based in Stockholm, Sweden, specializing in knowledge management solutions for consumer packaged goods (CPG) companies. Founded in 2017, Stravito provides a platform that democratizes access to market research and insights, allowing organizations to make informed decisions swiftly. Its intuitive cloud-based service enables teams, such as consumer insights, to centralize both internal and external data sources, streamline the organization of research, and quickly generate essential findings to support growth. The platform employs machine learning to categorize and index documents, utilizing a natural language search tool to facilitate easy discovery and dissemination of insights across enterprises. Stravito has expanded its presence in both North America and Europe, leveraging the expertise of its founders in technology and the research industry.

Hopsworks, founded in 2016 and based in Stockholm, Sweden, is a developer of a data platform that focuses on artificial intelligence and machine learning. The company offers Hops Enterprise Services, which utilizes deep learning, stream processing, and SQL capabilities. Hopsworks provides an on-premise data management and data science platform called Hopsworks Enterprise, which includes tools for planning, pricing, and calculating return on investment for data scientists. The platform is designed to support the development and management of feature, training, and inference pipelines at scale, catering to diverse data teams and sources. Hopsworks specializes in technologies such as TensorFlow, Flink, MySQL, and HDFS, enabling clients to implement AI solutions for complex business challenges with optimal performance and availability.

NØIE is a skincare company that offers personalized skincare products and solutions for dry skin, acne, eczema, psoriasis, and more. An algorithm is used in the company's skin test to assign customers to their skin family and recommend customized products to suit their skin. Additionally, CO2-neutral deliveries are provided, compensating for carbon emissions generated during the shipping process by planting trees in Denmark. The company aims to improve the quality of life for each individual with skin issues. NØIE was founded in 2019 and is headquartered in Copenhagen, Denmark.

Abzu is a scientific artificial intelligence company founded in January 2018, with offices in Copenhagen, Denmark, and Barcelona, Spain. The company develops the QLattice, an innovative AI platform that aims to challenge conventional black box AI by providing transparent and explainable models. Abzu's technology is designed to assist pharmaceutical and biotech companies in accelerating drug development processes. By unlocking new disease mechanisms, discovering novel biomarkers, and validating multiple targets simultaneously, Abzu enables these companies to reduce research and development costs and enhance their discovery capabilities. Through its pioneering approach, Abzu inspires data scientists to adopt a more scientific methodology in their work.

Material Exchange, founded in 2017 in Stockholm, Sweden, aims to revolutionize the fashion industry's material sourcing process by enhancing efficiency, transparency, and sustainability. It operates a digital sourcing platform that allows suppliers to effectively showcase their materials while enabling fashion brands to quickly identify the materials they require. By facilitating digital collaboration between brands and manufacturers, the platform reduces the need for physical samples and minimizes material waste. This innovative approach positions Material Exchange at the forefront of merging fashion and technology, contributing to a more responsible and sustainable future for the industry.

UpCloud Ltd is a cloud hosting company based in Helsinki, Finland, specializing in infrastructure-as-a-service for business-critical customers. Established in 2011, the company operates high-performance cloud servers on enterprise-grade hardware, with data centers located in London, Chicago, Frankfurt, and Helsinki. UpCloud focuses on providing extreme redundancy, high resource performance, and 100% service level agreements, making it an attractive option for enterprises. Its competitive pricing positions it among the most affordable cloud providers in Europe. The company also offers software-defined networking services for flexible private network configurations and has developed user-friendly control panels along with mobile apps for iOS and Android, allowing administrators to monitor their servers remotely.

Material Exchange, founded in 2017 in Stockholm, Sweden, aims to revolutionize the fashion industry's material sourcing process by enhancing efficiency, transparency, and sustainability. It operates a digital sourcing platform that allows suppliers to effectively showcase their materials while enabling fashion brands to quickly identify the materials they require. By facilitating digital collaboration between brands and manufacturers, the platform reduces the need for physical samples and minimizes material waste. This innovative approach positions Material Exchange at the forefront of merging fashion and technology, contributing to a more responsible and sustainable future for the industry.

Abzu is a scientific artificial intelligence company founded in January 2018, with offices in Copenhagen, Denmark, and Barcelona, Spain. The company develops the QLattice, an innovative AI platform that aims to challenge conventional black box AI by providing transparent and explainable models. Abzu's technology is designed to assist pharmaceutical and biotech companies in accelerating drug development processes. By unlocking new disease mechanisms, discovering novel biomarkers, and validating multiple targets simultaneously, Abzu enables these companies to reduce research and development costs and enhance their discovery capabilities. Through its pioneering approach, Abzu inspires data scientists to adopt a more scientific methodology in their work.

Wirepas Ltd. specializes in wireless communication solutions for the Internet of Things (IoT), offering connectivity through its proprietary Pino solution, which enables multi-hop mesh networks. Founded in 2010 and based in Tampere, Finland, the company supports IoT projects from initial design to product delivery by providing pre-integrated, tested reference implementations along with a comprehensive support tool package. Wirepas Pino stands out in the market for its deterministic performance, adaptability to local radio conditions, and high reliability, addressing common challenges faced by IoT platforms. The company's technology allows for the creation of autonomous networks capable of supporting millions of devices, eliminating the need for traditional infrastructure while facilitating sensor, control, and low-bandwidth communication applications across various radio hardware and frequency bands.

Stravito AB is a software company based in Stockholm, Sweden, specializing in knowledge management solutions for consumer packaged goods (CPG) companies. Founded in 2017, Stravito provides a platform that democratizes access to market research and insights, allowing organizations to make informed decisions swiftly. Its intuitive cloud-based service enables teams, such as consumer insights, to centralize both internal and external data sources, streamline the organization of research, and quickly generate essential findings to support growth. The platform employs machine learning to categorize and index documents, utilizing a natural language search tool to facilitate easy discovery and dissemination of insights across enterprises. Stravito has expanded its presence in both North America and Europe, leveraging the expertise of its founders in technology and the research industry.

DrugStars is a Copenhagen-based company that has developed a mobile application designed to enhance medication adherence. The application allows patients to manage and track their medication schedules, helping them remember to take their medications and monitor their progress. In addition, the platform incentivizes users by enabling them to make charitable donations to health organizations of their choice as a reward for maintaining their medication routines. This approach not only aids patients in improving their daily health management but also provides them with an opportunity to contribute to health charities at no cost to themselves.

Comptek Solutions Oy, founded in 2017 and based in Turku, Finland, specializes in developing advanced surface engineering technology known as Kontrox. This quantum-level process is designed to create defect-free surfaces for compound semiconductor devices, addressing the critical issues of oxidation that lead to performance limitations in products like MicroLEDs, lasers, and power electronics. By improving the crystalline quality of III-V-based semiconductors, Kontrox technology significantly enhances device performance, achieving notable improvements such as a 250% increase in efficiency and a 90-fold reduction in power consumption. Comptek Solutions has applications across various sectors, including optoelectronics and radio frequency technologies. The company has gained recognition for its innovative approach, receiving a Horizon2020 SME phase I grant from the EU in 2018 and being shortlisted as a top semiconductor spinoff in the inaugural Spinoff Prize competition by Nature Research in 2020.

Hopsworks, founded in 2016 and based in Stockholm, Sweden, is a developer of a data platform that focuses on artificial intelligence and machine learning. The company offers Hops Enterprise Services, which utilizes deep learning, stream processing, and SQL capabilities. Hopsworks provides an on-premise data management and data science platform called Hopsworks Enterprise, which includes tools for planning, pricing, and calculating return on investment for data scientists. The platform is designed to support the development and management of feature, training, and inference pipelines at scale, catering to diverse data teams and sources. Hopsworks specializes in technologies such as TensorFlow, Flink, MySQL, and HDFS, enabling clients to implement AI solutions for complex business challenges with optimal performance and availability.

Stravito AB is a software company based in Stockholm, Sweden, specializing in knowledge management solutions for consumer packaged goods (CPG) companies. Founded in 2017, Stravito provides a platform that democratizes access to market research and insights, allowing organizations to make informed decisions swiftly. Its intuitive cloud-based service enables teams, such as consumer insights, to centralize both internal and external data sources, streamline the organization of research, and quickly generate essential findings to support growth. The platform employs machine learning to categorize and index documents, utilizing a natural language search tool to facilitate easy discovery and dissemination of insights across enterprises. Stravito has expanded its presence in both North America and Europe, leveraging the expertise of its founders in technology and the research industry.

Comptek Solutions Oy, founded in 2017 and based in Turku, Finland, specializes in developing advanced surface engineering technology known as Kontrox. This quantum-level process is designed to create defect-free surfaces for compound semiconductor devices, addressing the critical issues of oxidation that lead to performance limitations in products like MicroLEDs, lasers, and power electronics. By improving the crystalline quality of III-V-based semiconductors, Kontrox technology significantly enhances device performance, achieving notable improvements such as a 250% increase in efficiency and a 90-fold reduction in power consumption. Comptek Solutions has applications across various sectors, including optoelectronics and radio frequency technologies. The company has gained recognition for its innovative approach, receiving a Horizon2020 SME phase I grant from the EU in 2018 and being shortlisted as a top semiconductor spinoff in the inaugural Spinoff Prize competition by Nature Research in 2020.

Blueprint Genetics Oy specializes in clinical genetics testing and diagnostics for rare hereditary diseases using advanced next-generation sequencing (NGS) technology. Founded in 2012 and headquartered in Helsinki, Finland, the company offers a range of services, including tailored sequencing projects and bioinformatics platforms designed to meet specific needs of hospitals and research groups. Blueprint Genetics aims to make genetic diagnostics more accessible by reducing costs while enhancing quality and providing clinical insights in test results. Its product offerings include comprehensive diagnostics for various inherited disorders, including cardiovascular diseases, cancer, and metabolic conditions. The company also maintains an office in Los Angeles, California, and operates as a subsidiary of Quest Diagnostics Incorporated.

Blueprint Genetics Oy specializes in clinical genetics testing and diagnostics for rare hereditary diseases using advanced next-generation sequencing (NGS) technology. Founded in 2012 and headquartered in Helsinki, Finland, the company offers a range of services, including tailored sequencing projects and bioinformatics platforms designed to meet specific needs of hospitals and research groups. Blueprint Genetics aims to make genetic diagnostics more accessible by reducing costs while enhancing quality and providing clinical insights in test results. Its product offerings include comprehensive diagnostics for various inherited disorders, including cardiovascular diseases, cancer, and metabolic conditions. The company also maintains an office in Los Angeles, California, and operates as a subsidiary of Quest Diagnostics Incorporated.

UpCloud Ltd is a cloud hosting company based in Helsinki, Finland, specializing in infrastructure-as-a-service for business-critical customers. Established in 2011, the company operates high-performance cloud servers on enterprise-grade hardware, with data centers located in London, Chicago, Frankfurt, and Helsinki. UpCloud focuses on providing extreme redundancy, high resource performance, and 100% service level agreements, making it an attractive option for enterprises. Its competitive pricing positions it among the most affordable cloud providers in Europe. The company also offers software-defined networking services for flexible private network configurations and has developed user-friendly control panels along with mobile apps for iOS and Android, allowing administrators to monitor their servers remotely.

Noona Healthcare Oy is a Finnish company that specializes in a web-based mobile platform designed for monitoring the wellbeing of breast cancer patients. Founded in 2014 and based in Helsinki, Noona allows patients to report symptoms related to their treatment directly to their healthcare providers through mobile devices, tablets, and computers. This real-time communication enhances the patient-clinic relationship, enabling clinical staff to promptly address severe symptoms and improve overall care quality. The platform also supports researchers in developing new cancer therapies by integrating digital data with patient diagnosis, treatment, and genetic information. As a result, Noona Healthcare contributes to better patient outcomes and optimizes resource allocation in oncology care. The company operates as a subsidiary of Varian Medical Systems, Inc.

Wirepas Ltd. specializes in wireless communication solutions for the Internet of Things (IoT), offering connectivity through its proprietary Pino solution, which enables multi-hop mesh networks. Founded in 2010 and based in Tampere, Finland, the company supports IoT projects from initial design to product delivery by providing pre-integrated, tested reference implementations along with a comprehensive support tool package. Wirepas Pino stands out in the market for its deterministic performance, adaptability to local radio conditions, and high reliability, addressing common challenges faced by IoT platforms. The company's technology allows for the creation of autonomous networks capable of supporting millions of devices, eliminating the need for traditional infrastructure while facilitating sensor, control, and low-bandwidth communication applications across various radio hardware and frequency bands.

Spectral Engines Oy, founded in 2014 and headquartered in Helsinki, Finland, specializes in the development and production of advanced spectral sensors, particularly employing micro-electro-mechanical system (MEMS) technology. The company manufactures miniaturized sensors that make spectroscopy accessible at a competitive price point, catering to various applications including moisture measurements in pharmaceutical powders, food composition analysis, and gas detection. Its product offerings include OEM sensors, application development kits, gas sensors, portable instruments, and software development kits. Spectral Engines serves a diverse range of industries, including agriculture, food and beverage, and pharmaceuticals, providing clients with the capability for cloud connectivity and advanced algorithm integration. As of May 2018, Spectral Engines operates as a subsidiary of m-u-t AG.

Canatu is a developer of advanced carbon nanomaterials, specializing in the production of carbon nanotubes (CNTs) for transformative applications in the semiconductor and automotive industries. With over a decade of experience in mass-producing CNTs, the company ensures high-quality, customized solutions to meet specific industry needs. In the semiconductor sector, Canatu's products, including EUV pellicles and debris filters, support the production of advanced microchips. In the automotive industry, the company focuses on film heaters that de-ice LiDAR and camera sensors, facilitating autonomous driving in various weather conditions. Additionally, Canatu is exploring future applications of its CNT technology, particularly in electrochemical sensing. Headquartered in Finland, Canatu also maintains sales offices in the United States, Japan, and Taiwan.

Wirepas Ltd. specializes in wireless communication solutions for the Internet of Things (IoT), offering connectivity through its proprietary Pino solution, which enables multi-hop mesh networks. Founded in 2010 and based in Tampere, Finland, the company supports IoT projects from initial design to product delivery by providing pre-integrated, tested reference implementations along with a comprehensive support tool package. Wirepas Pino stands out in the market for its deterministic performance, adaptability to local radio conditions, and high reliability, addressing common challenges faced by IoT platforms. The company's technology allows for the creation of autonomous networks capable of supporting millions of devices, eliminating the need for traditional infrastructure while facilitating sensor, control, and low-bandwidth communication applications across various radio hardware and frequency bands.

Bitbar is a technology and service company based in Helsinki, Finland, specializing in automated software build and test environments for mobile app and game developers. Its product offerings include Testdroid Cloud, an online service for testing applications on real Android and iOS devices; Testdroid Enterprise, an in-house solution for managing automated testing across multiple devices; Testdroid PrivateCloud, a cloud-based service that provides access to real devices for app development and testing; and Testdroid Recorder, a tool that records user actions and generates reusable test cases. Bitbar's solutions aim to optimize continuous software delivery and enhance the software development lifecycle through automation, significantly reducing testing time and costs. The company serves a diverse range of industries, including gaming, technology, e-commerce, and social media, with notable clients such as Facebook, Rovio, Avast, Google, and eBay.

Blueprint Genetics Oy specializes in clinical genetics testing and diagnostics for rare hereditary diseases using advanced next-generation sequencing (NGS) technology. Founded in 2012 and headquartered in Helsinki, Finland, the company offers a range of services, including tailored sequencing projects and bioinformatics platforms designed to meet specific needs of hospitals and research groups. Blueprint Genetics aims to make genetic diagnostics more accessible by reducing costs while enhancing quality and providing clinical insights in test results. Its product offerings include comprehensive diagnostics for various inherited disorders, including cardiovascular diseases, cancer, and metabolic conditions. The company also maintains an office in Los Angeles, California, and operates as a subsidiary of Quest Diagnostics Incorporated.

Spectral Engines Oy, founded in 2014 and headquartered in Helsinki, Finland, specializes in the development and production of advanced spectral sensors, particularly employing micro-electro-mechanical system (MEMS) technology. The company manufactures miniaturized sensors that make spectroscopy accessible at a competitive price point, catering to various applications including moisture measurements in pharmaceutical powders, food composition analysis, and gas detection. Its product offerings include OEM sensors, application development kits, gas sensors, portable instruments, and software development kits. Spectral Engines serves a diverse range of industries, including agriculture, food and beverage, and pharmaceuticals, providing clients with the capability for cloud connectivity and advanced algorithm integration. As of May 2018, Spectral Engines operates as a subsidiary of m-u-t AG.

Boomlagoon, based in Helsinki, Finland, is a mobile game developer that specializes in creating character-driven, free-to-play multiplayer games across various platforms. The company comprises experienced professionals from renowned game studios, including Rovio and Remedy, which contributes to its strong understanding of mobile gaming. Boomlagoon has received multiple Editor’s Choice awards and has been recognized globally for its innovative games, which feature diverse gameplay mechanics and engaging experiences that attract and retain players.

Mekitec Oy is a manufacturer and distributor of X-ray food quality control systems tailored for the food industry. Established in 2005 and based in Oulu, Finland, the company provides X-ray devices, rejecters, and maintenance services before and after installation. Mekitec's systems capture high-quality images of food products and utilize image analysis to detect foreign objects such as glass, metal, stones, and dense plastics, as well as various quality defects. In addition to inspection systems, the company offers data analytics tools that provide insights into the food manufacturing process, helping food brands ensure the safety and quality of their products while promoting sustainable food production. Mekitec serves a global customer base, enhancing quality control in the food sector.

Canatu is a developer of advanced carbon nanomaterials, specializing in the production of carbon nanotubes (CNTs) for transformative applications in the semiconductor and automotive industries. With over a decade of experience in mass-producing CNTs, the company ensures high-quality, customized solutions to meet specific industry needs. In the semiconductor sector, Canatu's products, including EUV pellicles and debris filters, support the production of advanced microchips. In the automotive industry, the company focuses on film heaters that de-ice LiDAR and camera sensors, facilitating autonomous driving in various weather conditions. Additionally, Canatu is exploring future applications of its CNT technology, particularly in electrochemical sensing. Headquartered in Finland, Canatu also maintains sales offices in the United States, Japan, and Taiwan.

Miradore Ltd. specializes in providing web-based IT lifecycle management systems, offering cloud-based solutions for comprehensive asset and configuration management. Founded in 2006 and headquartered in Lappeenranta, Finland, with additional offices in Helsinki, the company enables efficient remote management of IT devices and software throughout their lifecycle, including acquisition, installation, maintenance, and retirement. Miradore's platform supports various operating systems, including Android, iOS, macOS, and Windows, allowing IT service providers, enterprises, healthcare organizations, government agencies, and the Finnish military to manage both company-owned and personal devices securely. The company’s services include real-time asset management, automated software updates, OS installations, and a self-service portal with approval workflows. Additionally, Miradore offers training services to enhance user proficiency. The platform is designed to be user-friendly, with a free basic offering and premium features available through a subscription model.

Valon Lasers Oy, founded in 2011 and based in Vantaa, Finland, specializes in the manufacture of advanced photocoagulator solutions for ophthalmology. The company offers innovative products such as the Valon TT, a tabletop multispot laser designed for accessibility, and the Valon 5G, a state-of-the-art photocoagulator that integrates modern technology with decades of industry expertise. With a team that has extensive experience in ophthalmic lasers since 1972, Valon Lasers focuses on developing technologically and ergonomically superior devices that enhance treatment outcomes for patients and improve work satisfaction for ophthalmologists. All design and production processes are conducted in-house, ensuring high-quality standards and responsiveness to clinical needs.

Canatu is a developer of advanced carbon nanomaterials, specializing in the production of carbon nanotubes (CNTs) for transformative applications in the semiconductor and automotive industries. With over a decade of experience in mass-producing CNTs, the company ensures high-quality, customized solutions to meet specific industry needs. In the semiconductor sector, Canatu's products, including EUV pellicles and debris filters, support the production of advanced microchips. In the automotive industry, the company focuses on film heaters that de-ice LiDAR and camera sensors, facilitating autonomous driving in various weather conditions. Additionally, Canatu is exploring future applications of its CNT technology, particularly in electrochemical sensing. Headquartered in Finland, Canatu also maintains sales offices in the United States, Japan, and Taiwan.

Rightware Oy provides graphical user interface solutions for in mobile, automotive, and other embedded industries worldwide. It offers Kanzi to solve the implementation and differentiation problems of 3D user interfaces; and enable UI designers and engineers to focus on the creation, testing, and deployment of 3D user interfaces. The company also provides Kanzi Studio to provide a what-you-see-is-what-you-get editor for the user interface designers and embedded engineers for creation and customization of embedded user interfaces. In addition, it develops Basemark system performance analysis tools for OpenGL ES, OpenVG, OpenCL, Android, Linux, and Windows Mobile performance measurement. Rightware Oy was founded in 2009 and is based in Espoo, Finland with additional offices in Shanghai, Beijing, and Palo Alto.

Scannano is a privately-held company located and registared in Finland dedicated to the design and commercial development of a series of advanced Resonant Micro- Electro-Mechanical Systems devices (R-MEMS). Micro-Electro-Mechanical Systems, also known as micro-machines, are revolutionary devices based upon the integration of mechanical elements, sensors, actuators, and electronics on a common silicon chip. MEMS technology promises to benefit nearly every product category by bringing together silicon-based microelectronics with micromachining technology, to achieve the realization of complete "system-on-a-chip". The Company has developed unique, patented MEMS devices that are capable of detecting and measuring the presence and interaction of sub-atomic particles such as photons and electrons. In combination with a range of custom, task-specific software, the Scannano MEMS devices can perform their tasks with unequalled levels of speed, precision and reliability. Dr. Andrei Pavlov, President and Founder of ScanNanoTek announced further progress in its R&D Program, demonstrating the validity of its Deep Vacuum Gap Technology for the production of new MEMS devices. This follows ScanNanoTek's October 2, 2011 announcement about encouraging progress in a new R&D Program in which STMicroelectronics, for its CMOS technology expertise, is engaged.

FRWD Technologies, Ltd. designs, develops, and markets sports computers for outdoor and alternative sports enthusiasts, athletes, and professionals. The company's sports computer records route, location, speed, distance, heart rate or RR heart rate, altitude, temperature, and air pressure, as well as shows them real time on wrist display or mobile phone. It sells its products through retailers and distributors in Estonia, Finland, France, Germany, Norway, Poland, Portugal, Spain, Sweden, Austria, and Switzerland. The company was founded in 2000 and is based in Oulu, Finland. It has operations in Sweden, Austria, Switzerland, and internationally.